Section 50261 Of Article 5. Status As Investments From California Public Utilities Code >> Division 10. >> Part 5. >> Chapter 7. >> Article 5.

. All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the the State as security for the deposit of funds of the State or of any county, city and county, city, municipality or other public or municipal corporation within the State.